Multimedia
Special discussion: Move of the Year
The rising income levels, aspirational shoppers, cheap data powering smartphones and the telecom boom in India have contributed to creating a new Indian consumer with an urge to splurge. Today, India is a market that few global companies can afford to ignore, more so in the consumer space.
No wonder then that the no. 1 ranked Fortune 500 company, Walmart Inc, paid a staggering $16 billion to take control of India’s largest e-commerce company, Flipkart, as it bet on the country’s growing consumption boom and estimates that consumer spending could grow to $6 trillion by 2030. The deal is the largest in the e-commerce space worldwide and the biggest purchase by Walmart in its 56-year history.
This month’s cover story takes a deeper look at why Walmart’s acquisition of Flipkart is clearly what we at Fortune India call the “Move of the Year”.
Deputy Editor Ashish Gupta and Senior Editor Debabrata Das discuss the cover story in this video.
Also Read
-
HCLTech Q4 profit flat at ₹3,986 cr; revenue up 7.1%
-
Lok Sabha Elections Phase 2: Over 50% voter turnout till 3 PM
-
Maruti Suzuki Q4 profit zooms 48% to ₹3,877 crore
-
Vedanta shares jump 6% to hit 52-week high post Q4
-
Bajaj Finserv Q4 profit surges 20% to ₹2,119 cr